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9mobile reacts to court judgement nullifying sale to Teleology

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On Thursday, news went viral that the sale of 9mobile to Teleology Nigeria Limited has been voided by a Federal High Court sitting in Abuja.

However, the management of Emerging Markets Telecommunication Services (EMTS) Ltd, which is trading as 9mobile, has appealed to stakeholders and subscribers of the network to remain calm.

In a statement yesterday, the company said the “matters are under control and we are working with our team of legal counsels to follow through as deemed necessary.”

But it described reports as “incorrect, misleading, mischievous and a total falsehood,” insisting that the “Federal High Court, Abuja did not nullify the sale of EMTS.”

The management explained in the statement that “the court on 1st April 2019 made an order for parties to maintain status quo as at April 25, 2018,” noting that, “as at the said date, EMTS (9mobile) was not a party to the suit before the court.”

The action before Justice Binta Nyako of the Federal High Court is not about the sale of EMTS (9mobile) but rather, the transfer of the license even without locus standi,” it stated.

EMTS (9mobile) has however appealed the order and also sought an injunction pending appeal at the Court of Appeal,” it said.

Clarifying the recent reports, Company Secretary/Legal Adviser, 9mobile, Ore Olajide said, “The sale of 9mobile to Teleology Nigeria Limited has not been nullified.

The court made an order to maintain status quo as at April 25, 2018 when EMTS was not a party to the suit and we have appealed the ruling as well as sought an injunction pending appeal at the Court of Appeal”.

Concluding, the management said it “remains focused on providing best in class telecommunication services to its subscribers and will provide necessary updates in due course.”

 

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